smart-boost: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
smart-boost
Largest movements
- Cash +€97,047
up €97,047 (+151%), from €64,126 to €161,173
mainly Current investments (+€50,000) and Net result for the year (+€42,028)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€25,705
down €25,705 (-36.1%), from €71,299 to €45,594
of which Leasing and similar rights: -€15,871
- Receivables within one year -€23,063
down €23,063 (-30.6%), from €75,389 to €52,326
of which Trade receivables: -€22,214
- Other debts +€20,623
up €20,623 (+174%), from €11,875 to €32,498
- Debts after one year -€17,793
down €17,793 (-61.9%), from €28,747 to €10,954
- Trade debts -€11,535
down €11,535 (-58.7%), from €19,645 to €8,110
- Reserves +€7,820
up €7,820 (+5.1%), from €154,372 to €162,192
- Current portion of long-term debt -€6,291
down €6,291 (-26.1%), from €24,084 to €17,793
- Staff costs +€31,970
up €31,970 (+95.7%), from €33,407 to €65,378
- Gross operating margin +€22,835
up €22,835 (+17.0%), from €134,295 to €157,130
- Taxes -€2,453
down €2,453 (-11.5%), from €21,257 to €18,805
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,154 | €266,943 | -€1,212 | -0.5% |
| Fixed assets | 21/28 | €73,729 | €48,024 | -€25,705 | -34.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €71,299 | €45,594 | -€25,705 | -36.1% |
| Plant, machinery and equipment | 23 | €7,082 | €5,781 | -€1,301 | -18.4% |
| Furniture and vehicles | 24 | €11,395 | €2,862 | -€8,533 | -74.9% |
| Leasing and similar rights | 25 | €52,822 | €36,951 | -€15,871 | -30.0% |
| Financial fixed assets | 28 | €2,430 | €2,430 | = | 0.0% |
| Current assets | 29/58 | €194,425 | €218,918 | +€24,493 | +12.6% |
| Amounts receivable within one year | 40/41 | €75,389 | €52,326 | -€23,063 | -30.6% |
| Trade receivables | 40 | €74,408 | €52,194 | -€22,214 | -29.9% |
| Other amounts receivable | 41 | €981 | €133 | -€849 | -86.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €64,126 | €161,173 | +€97,047 | +151% |
| Deferred charges and accrued income | 490/1 | €4,910 | €5,419 | +€509 | +10.4% |
| Total equity and liabilities | 10/49 | €268,154 | €266,943 | -€1,212 | -0.5% |
| Equity | 10/15 | €160,572 | €168,392 | +€7,820 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,372 | €162,192 | +€7,820 | +5.1% |
| Distributable reserves | 133 | €154,372 | €162,192 | +€7,820 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,582 | €98,551 | -€9,031 | -8.4% |
| Amounts payable after more than one year | 17 | €28,747 | €10,954 | -€17,793 | -61.9% |
| Financial debts | 170/4 | €28,747 | €10,954 | -€17,793 | -61.9% |
| Amounts payable within one year | 42/48 | €77,585 | €84,821 | +€7,236 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €24,084 | €17,793 | -€6,291 | -26.1% |
| Trade debts | 44 | €19,645 | €8,110 | -€11,535 | -58.7% |
| Suppliers | 440/4 | €19,645 | €8,110 | -€11,535 | -58.7% |
| Taxes, remuneration and social security | 45 | €21,981 | €26,420 | +€4,439 | +20.2% |
| Taxes | 450/3 | €21,946 | €18,543 | -€3,403 | -15.5% |
| Remuneration and social security | 454/9 | €35 | €7,876 | +€7,842 | +22,651% |
| Other amounts payable | 47/48 | €11,875 | €32,498 | +€20,623 | +174% |
| Accrued charges and deferred income | 492/3 | €1,250 | €2,776 | +€1,526 | +122% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,407 | €65,378 | +€31,970 | +95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,769 | €26,762 | -€1,007 | -3.6% |
| Other operating charges | 640/8 | €2,591 | €3,274 | +€683 | +26.3% |
| Gross operating margin | 9900 | €134,295 | €157,130 | +€22,835 | +17.0% |
| Operating profit (loss) | 9901 | €70,528 | €61,717 | -€8,811 | -12.5% |
| Financial income | 75/76B | €153 | €1,358 | +€1,205 | +786% |
| Recurring financial income | 75 | €153 | €1,358 | +€1,205 | +786% |
| Financial charges | 65/66B | €3,241 | €2,242 | -€999 | -30.8% |
| Recurring financial charges | 65 | €3,241 | €2,242 | -€999 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €67,440 | €60,833 | -€6,607 | -9.8% |
| Income taxes | 67/77 | €21,257 | €18,805 | -€2,453 | -11.5% |
| Profit (loss) for the period | 9904 | €46,182 | €42,028 | -€4,154 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,182 | €42,028 | -€4,154 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.